News Report Technology
August 13, 2024

Fractal Launches OP_CAT During Testnet Reset, Gears Up For Mainnet Activation In September

In Brief

Founder and CEO of UniSat, Lorenzo announced that Fractal has made progress on smart contract development and various bridge implementations.

Fractal Launches OP_CAT During Testnet Reset, Gears Up For Mainnet Activation In September

Founder and CEO of UniSat, a Bitcoin service provider specializing in inscription assets, Lorenzo announced that Fractal has made notable progress on smart contract development and various bridge implementations.

In particular, today, Fractal delivered Operation Concatenate (OP_CAT) on the testnet for its smart contract functionality and plans to activate it on the mainnet in September. This development represents an initial step toward enhancing Bitcoin scripting programmability on the Fractal platform. The effort is supported by its core contributor, the UniSat team, and its partner, the sCrypt team.

OP_CAT is a code originally introduced by Satoshi Nakamoto in the Bitcoin script. It enables Bitcoin users to merge two data sets into a single transaction script.

Furthermore, in terms of bridging, Fractal is working on various methods to transfer assets from the Bitcoin mainnet to the Fractal platform. These methods will encompass both conventional and novel approaches, with additional documentation and details anticipated to be released soon.

Notably, with the completion of the final reset in the Fractal testing phase, the source code for the Fractal Bitcoin implementation has been made open-source.

Fractal Unveils Fractal Bitcoin Faucet Page For Testing

Currently under development, the project is a Bitcoin scaling solution that integrates Bitcoin Core code into a virtualized software environment. This approach is designed to support scalable, limitless layers built upon Bitcoin. The project offers a distinct native scaling solution that utilizes Bitcoin Core code to enable the creation of unlimited layers directly on the main Bitcoin blockchain rather than using separate sidechains.

Not so long ago, Fractal introduced the Fractal Bitcoin faucet page for testing, allowing users to obtain testnet tokens and test the network. Testnet tokens are intended solely for testing and hold no real value. Additionally, the tokens were reset during the testnet reset phase.

Disclaimer

In line with the Trust Project guidelines, please note that the information provided on this page is not intended to be and should not be interpreted as legal, tax, investment, financial, or any other form of advice. It is important to only invest what you can afford to lose and to seek independent financial advice if you have any doubts. For further information, we suggest referring to the terms and conditions as well as the help and support pages provided by the issuer or advertiser. MetaversePost is committed to accurate, unbiased reporting, but market conditions are subject to change without notice.

About The Author

Alisa, a dedicated journalist at the MPost, specializes in cryptocurrency, zero-knowledge proofs, investments, and the expansive realm of Web3. With a keen eye for emerging trends and technologies, she delivers comprehensive coverage to inform and engage readers in the ever-evolving landscape of digital finance.

More articles
Alisa Davidson
Alisa Davidson

Alisa, a dedicated journalist at the MPost, specializes in cryptocurrency, zero-knowledge proofs, investments, and the expansive realm of Web3. With a keen eye for emerging trends and technologies, she delivers comprehensive coverage to inform and engage readers in the ever-evolving landscape of digital finance.

Hot Stories
Join Our Newsletter.
Latest News

From Ripple to The Big Green DAO: How Cryptocurrency Projects Contribute to Charity

Let's explore initiatives harnessing the potential of digital currencies for charitable causes.

Know More

AlphaFold 3, Med-Gemini, and others: The Way AI Transforms Healthcare in 2024

AI manifests in various ways in healthcare, from uncovering new genetic correlations to empowering robotic surgical systems ...

Know More
Read More
Read more
HyveDA Unveils X Committee In Partnership With Lido, Lists wstETH As First Collateral
News Report Technology
HyveDA Unveils X Committee In Partnership With Lido, Lists wstETH As First Collateral
November 21, 2024
Bitfinex: Bitcoin Jumps 39.5% In Nine Days, Indicating Surge In Investor Interest
News Report Technology
Bitfinex: Bitcoin Jumps 39.5% In Nine Days, Indicating Surge In Investor Interest
November 21, 2024
The Rise of the UAE as a Strategic Hub for Web3 Gaming Innovation and International Collaboration
Opinion Lifestyle Markets Technology
The Rise of the UAE as a Strategic Hub for Web3 Gaming Innovation and International Collaboration
November 21, 2024
Bybit Launches Gold & FX Treasure Hunt Competition, Offering Real Gold Rewards
News Report Technology
Bybit Launches Gold & FX Treasure Hunt Competition, Offering Real Gold Rewards
November 21, 2024